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The Federal Deposit Insurance Corporation today released a
list of orders of administrative enforcement actions taken against
banks and individuals in February. Two administrative hearings are
scheduled during April.
The FDIC processed a total of 10 orders in February. These
included one civil money penalty, seven terminations of cease-and-desist
orders, one termination of a cease-and-desist proceeding and one
adjudicated decision.
Copies of the orders referred to above can be obtained from
or inspected at the FDIC's Public Information Center, 801 17th
Street, N.W., Room 100, Washington, D.C. (Telephone (703) 562-2200 or
800-276-6003 or fax (703) 562-2296). A list of the orders made public
today and details about the April hearings are attached.
* * * * * * * * * *
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalty)
Tennessee State Bank, Gatlinburg, TN; FDIC-95-142k; against Leland Thomas Bush; Issued 2/6/97
TERMINATIONS
Terminations of Cease-and-Desist Orders
Century Bank, Los Angeles, CA; FDIC-92-340b; Issued 2/28/97
Bank of Oakland, Oakland, CA; FDIC-91-125b; Issued 2/14/97
South Bay Bank, Torrance, CA; FDIC-92-299b; Issued 2/28/97
State Bank of Keyesport, Keyesport, IL; FDIC-96-4b; Issued 2/6/97
Milford Savings Bank, Milford, MA; FDIC-91-284b; against Louis
N. Ianzito; Issued 2/28/97
Bank of Bellevue, Bellevue, NE; Tri-County Bank & Trust,
Bellevue, NE; Boone State Bank & Trust Co.; Boone, IA; and
Standard State Bank & Trust Company, Independence, MO; FDIC-93-190b;
against Michael J. Walts; Issued 2/13/97
Bank of Camden, Camden, TN; FDIC-95-168b; Issued 2/14/97
Order Terminating 8(b) Proceedings
Daiwa Bank Trust Company, New York, NY; FDIC-95-135c&b;
Order Terminating 8(b) Proceedings; Issued 2/26/97
ADJUDICATED DECISION
Independence Bank, Encino, CA; FDIC-95-178e; Decision and
Order against Morton R. Michaels; Issued 2/25/97 [closed 1/30/92]
* * * *ADMINISTRATIVE HEARINGS SCHEDULED FOR APRIL* * * *
Allendale County Bank, Fairfax, SC; FDIC-96-092b; Section 8(b)
Proceeding; and Allendale County Bank, Fairfax, SC; In the Matter
of Walker R. Harter, Sr.; FDIC-96-091b; Section 8(b) Proceeding
Date: April 21-24, 1997
Location: Columbia, South Carolina
FDIC contact: William O. Tullis, Jr., Senior Attorney
Sloane Y. Mills, Paralegal Specialist
Atlanta Regional Office
First Bank of Jacksonville, Jacksonville, FL; FDIC-096-155b; Section 8(b) Proceeding
Date: April 23-30, 1997
Location: Jacksonville, Florida
FDIC contact: Richard M. Fraher, Senior Attorney
Wanda Gaye, Paralegal Specialist
Atlanta Regional Office
# # #
Congress created the Federal Deposit Insurance Corporation in 1933 to restore
public confidence in the nation's banking system. The FDIC insures deposits
at the nation's 11,452 banks and savings associations and it promotes the
safety and soundness of these institutions by identifying, monitoring and
addressing risks to which they are exposed.
FDIC press releases and other information are available on the Internet via
the World Wide Web at www.fdic.gov, and
may also be obtained through the
FDIC's Public Information Center (800-276-6003 or (703) 562-2200).
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